Do draftsmen need insurance?

If you’re a draftsman, insuring yourself could be the last thing on your mind. However, draftsmen insurance is an important aspect of your business to consider if you’re running your own show or sub-contracting, as things can go wrong. In the unfortunate event things do go wrong, draftsmen insurance can help cover you for costs, and include draftsmen professional indemnity insurance, Tax Audit Cover and more. Here we help you discover the different types of draftsmen insurance available, and why it is imperative to consider taking out cover.

Professional Indemnity Insurance

If you’re a draftsman, in addition to drawing up designs and plans for clients, engineers or architects, a large part of your job requires you to provide professional advice and services. Should any advice you give bedeemed professionally negligent, you could be sued. Thankfully, draftsmenProfessional Indemnity Insurance covers the financial losses you may have to pay if it is alleged you’ve breached your professional duties and provided bad advice.

Tax Audit Cover

Tax auditing only seems to crop up in movies and TV shows, right? Nope, it happens in real life, to everyday people with everyday jobs just like you. Although you may think a tax audit will never happen to you, it could, and comes with some large financial burdens to boot. Think it won’t be that bad? The time and effort you’d be required to put into carrying out a tax audit can mean valuable time away from normal work, and subsequently financial problems. Luckily Tax Audit Cover can help cover the expenses you would have to pay to hire someone to carry out the audit on your behalf.

General Property Insurance

General Property Insurance is ano-brainer, however a very important cover to invest in. Provided it protects all the tools of your trade, it therefore protects your livelihood should anything happen to them. Whether lost, stolen or damaged, General Property Insurance will get your things replaced without the financial burden of dipping into your hard-earned cash.

Public Liability Insurance

As draftsman, Public Liability Insurance may not seem all that important, as you may never think you’d inflict any harm on a client or their property. However, any office or workspace can be a recipe for damage disaster, so it’s important to cover yourself just in case. Designer floor rugs can become lethal tripping hazards, and spilled water in the bathroom can do just as much damage. Regardless of the hazard, be sure you’re covered in case damage comes to a person or their property while in your office or workspace.

Personal Accident and Illness

Although it’s not often thought about, it could be hard going to keep your business and finances running smoothly should you fall ill or be involved in an accident that prevented you from working. Fortunately, Personal Accident and Illness Cover can cover you by paying out a portion of your income if you can’t work due to illness or injury.

As you’re hopefully aware by now, it’s important to consider all aspects of draftsmen insurance to ensure you’re fully covered. For all the policies above, you can get a quote online or call our office on 1300 GETCOVER (1300 492 862) to speak to our Contractor Cover real-life team.

Summary: Being a draftsmen requires a lot of thought and preparation. We are here to talk about some of the insurance needs you may need to ensure your business can run easily and with peace of mind.

Riley Jack is a writer across several reputed industrial web posts. He writes for many online journals and portals which are related to insurance and finance.